On February 3, the closing price of the para-xylene (PX) market in the United States rose by $5 per ton, settling at $948–958 per ton FOB U.S. Gulf. PriceSeek's analysis of PX, with a long-short score of 1, indicates that the spot price of PX in the U.S. increased by $5 per ton, closing at $948–958 per ton FOB U.S. Gulf. This suggests tight market supply or strengthening demand, providing direct positive support for PX spot prices.
Combined with the PX futures market in China, the PX futures contract 2610 on the Zhengzhou Commodity Exchange rose by ¥82 per ton to ¥7,178 per ton. Although trading volume was low, open interest remained stable, indicating that the futures market is responding in sync with the upward trend in spot prices.
This round of price increases may be driven by rising international costs and improved demand expectations. It is anticipated that PX prices will maintain a relatively strong trend in the short term, providing moderate support for long positions.
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